Musica leisure enterprise is shutting down after 29 years of operation in South Africa.
The information was introduced on Thursday morning by Clicks Group, who defined that the rationale behind this determination is that there’s now an enormous consumption of music, motion pictures and video games digitally.
Musica has been working in a declining market … owing to the structural shift globally to the digital consumption of music, motion pictures and video games from the standard bodily format,” Clicks stated.
It was additionally revealed that COVID-19 contributed to the stagnancy of the corporate, because the lockdown didn’t allow motion, which might permit folks go into shops to make buy.
“The inevitable demise of the model has been accelerated by the COVID-19 pandemic which resulted within the speedy decline in foot site visitors in vacation spot malls the place Musica shops are sometimes situated.”
Musica has closed 19 shops for the reason that begin of its 2021 monetary 12 months in September and is at present buying and selling from 59, Clicks stated.
The remaining shops might be closed as leases expire over the following 4 months.